Signaturefd LLC acquired a new stake in Deere & Company (NYSE:DE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,619 shares of the industrial products company’s stock, valued at approximately $253,000.
A number of other hedge funds have also recently made changes to their positions in the business. Pillar Pacific Capital Management LLC lifted its holdings in Deere & Company by 0.7% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 46,477 shares of the industrial products company’s stock valued at $7,274,000 after purchasing an additional 310 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in Deere & Company by 22.8% in the 4th quarter. Dupont Capital Management Corp now owns 1,681 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 312 shares in the last quarter. Advisor Partners LLC lifted its holdings in Deere & Company by 4.4% in the 4th quarter. Advisor Partners LLC now owns 7,730 shares of the industrial products company’s stock valued at $1,317,000 after purchasing an additional 323 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in Deere & Company by 3.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 10,268 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 355 shares in the last quarter. Finally, V Wealth Management LLC lifted its holdings in Deere & Company by 6.9% in the 4th quarter. V Wealth Management LLC now owns 5,634 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 67.37% of the company’s stock.
Deere & Company (NYSE:DE) traded down $1.22 during midday trading on Wednesday, reaching $160.10. The company’s stock had a trading volume of 1,421,857 shares, compared to its average volume of 2,557,876. The firm has a market cap of $51,450.00, a P/E ratio of 21.63, a P/E/G ratio of 2.10 and a beta of 0.76. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.69 and a current ratio of 1.98. Deere & Company has a 52 week low of $106.93 and a 52 week high of $175.26.
Deere & Company (NYSE:DE) last released its earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.15. The company had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. Deere & Company’s revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. sell-side analysts anticipate that Deere & Company will post 9.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, March 28th. Deere & Company’s dividend payout ratio is currently 32.61%.
Several research firms have recently commented on DE. Deutsche Bank lifted their price target on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, November 16th. Morgan Stanley began coverage on Deere & Company in a report on Friday, March 2nd. They set an “overweight” rating and a $195.00 price target on the stock. ValuEngine upgraded Deere & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $140.00 to $155.00 in a report on Tuesday, November 21st. Finally, Zacks Investment Research lowered Deere & Company from a “buy” rating to a “hold” rating in a report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $172.07.
In other news, CEO Samuel R. Allen sold 269,353 shares of Deere & Company stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total value of $44,128,101.99. Following the completion of the transaction, the chief executive officer now owns 361,166 shares in the company, valued at approximately $59,169,825.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James M. Field sold 22,095 shares of Deere & Company stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $170.06, for a total value of $3,757,475.70. Following the completion of the transaction, the insider now owns 95,832 shares of the company’s stock, valued at approximately $16,297,189.92. The disclosure for this sale can be found here. Insiders sold a total of 380,397 shares of company stock valued at $62,811,005 in the last quarter. Company insiders own 0.74% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/03/14/signaturefd-llc-takes-253000-position-in-deere-company-de.html.
About Deere & Company
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
Receive News & Ratings for Deere & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deere & Company and related companies with MarketBeat.com's FREE daily email newsletter.